A multimillion pound regeneration plan for Newcastle-under-Lyme, Staffordshire, is set to get underway after a developer was appointed…
Nottingham-based firm Henry Davidson Developments has been named the preferred development partner for the Ryecroft regeneration initiative after striking a deal with Newcastle-under-Lyme Borough Council and Staffordshire County Council.
The scheme will see 65,000 sq ft of retail space created in the Staffordshire market town, as well as new student accommodation.
The site, which was previously occupied by a Sainsbury’s car park, was bought by the two councils following the relocation of the store.
It is expected that the scheme will create hundreds of job opportunities and will see up to £40m worth of investment attracted to the town.
Scott Davidson, managing director at Henry Davidson Developments, said: “We are thrilled to be working with both councils bringing our local knowledge and expertise to this regeneration project.
“Local people can look forward with confidence to the co-ordinated development of a whole host of facilities that will make Newcastle a better place to live, work and visit.”
Staffordshire County Council’s Cabinet Member for Economy, Environment and Transport Mark Winnington also commented. He stated: “The Ryecroft development is vital to Newcastle’s long-term regeneration.
“These ambitious proposals will bring huge benefit to both residents and businesses in the borough and it is fantastic to see these plans really taking shape.”